3108 Elliot Avenue, Minneapolis, Minnesota 55407

MN, Minneapolis
$550,000
  • 9 Beds
  • 3 Bath
  • Residential Income Property Type
  • 1894 Year Built
  • Active Status
See All 19 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Rare opportunity to acquire a tri-plex with below-market financing! 2.5% ASSUMABLE LOAN – SAVE $700-$800/MO/$9000 ANNUALLY vs today’s rates. Buyer can assume approx. $432K at 2.5% creating a dramatically lower monthly payment than current market financing. Additional income from coin-operated laundry. Major capital improvements including NEW ROOF (2025), new sewer line (2024), updated electrical, boiler and chimney brought up to code. Fully rented triplex with separate gas and electric, hardwood floors, abundant natural light, basement storage, on-site laundry, PRIVATE OFF-STREET PARKING, and a backyard space. Located 2 blocks from 66-acre Powderhorn Park (with central lake, recreational facilities and trails) and 3 miles from downtown Mpls, offers walkability to local cafes, restaurants, and shops which supports consistent tenant demand. Showings require 24 hour notice.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7024111
  • Price: $550,000
  • Year Built: 1894
  • Listing Status: Active
  • Office Name: Edina Realty, Inc.
  • Property Sub Type: Triplex
Features
  • Heating System Baseboard,Boiler
  • Basement Block,Storage Space
  • Parking Shared Driveway
  • Laundry Features Common Area,In Basement
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City Minneapolis
  • Zipcode 55407
  • Street: Elliot
  • Street Number: 3108
  • Street Suffix: Avenue
  • Longitude: W94° 44' 17.8''
  • Latitude: N44° 56' 46.3''
  • Directions: 35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave.
Neighborhood
  • High School District: Minneapolis
MLS Addon
  • Office Name: Edina Realty, Inc.
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 4218
  • Levels: More Than 2 Stories
  • Lot Size Dimensions: 40x123
  • Number Of Units Total: 3
Financial
  • Tax Annual Amount: 6926
Listing Information
  • Co List Agent Mls Id: 506017823
  • Co List Office Name: Edina Realty, Inc.
  • List Agent Mls Id: 506016449
  • List Office Mls Id: 3443
  • Modification Timestamp: 2026-03-26T14:07:05Z
  • Originating System Name: NorthStar
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